Blog 7
Lisa Li
Principal
Licensed Broker
Phone: 617-335-4829
e-mail:
lisali.realtor@gmail.com
WeChat: lisa_fengli00
Proficient in self-housing and rental housing in all good school districts and high-end districts in the Greater Boston area. If you need to buy or sell a house, please contact me.
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All blogs on this site are original, please do not plagiarize, all opinions and experiences are personal opinions, and are for reference only.
If you want to be good at your work, you must first sharpen your tools - my opinion on real estate brokerage license
Yesterday, a group member said that the group I opened turned out to be a group for cultivating real estate agents :) I was a little concerned at first, because this is too misleading, what I want is a higher goal! At least think of my group as taller, okay? However, what he observed is indeed true: after reading the article I wrote, some friends are eager to take the real estate agent license exam. That's right, let me talk about the benefits of this research.
In fact, the purpose of research is not necessarily to be a real estate agent. Many friends in the group have already said that they really can't do the job of a broker. In fact, it is true that the job of a broker is not suitable for everyone. However, since you agree that the real estate industry is a road to wealth, then walking on this road, a real estate brokerage license will make you even more powerful. Here is a breakdown of the benefits of being certified:
1. I have always emphasized that it is best for someone in the family to have a business. why? Because of US taxes. I wonder if you have heard of Sandy Botkin? He used to be a lawyer for the IRS, so he has a thorough understanding of the US tax laws. He wrote a book called "Lower your taxes". At the beginning, he said that there are two tax systems in the United States. One is to exploit people who earn wages. There is only extraction and no return. A large part of the hard-earned money has to be taxed. . I remember when I was working full-time, the biggest worry was not hard work, but not being able to keep the money I earned. The other tax system is aimed at those who do business and start a company. Whether it is a small business owner or a large company, there are many tax incentives. After a lot of tax deductions, a lot of income can be pocketed and used for oneself. So After taking the real estate certificate, you can justifiably say that you have a business. The threshold for doing business in the United States is extremely low. Therefore, at first, you only need to say that you have started a business, and you can list many things on Schedule C of the tax form. Business expenses: For example, the mileage you spend driving to see a house, the computer, mobile phone, and office supplies you need to find a house, or the air tickets and hotels you use to find a house in another state, can all be tax deductible as business expenses.
2. The second reason is tax: If you have a rental house, if the rental house reports a loss, for example, if your rental house loses -$5000 on paper, you can only offset $3000 of other income like a stock loss, and the -$2000 loss is only It can be postponed to next year to report, and the annual loss offset limit is 3,000. However, if you have a real estate license and can calculate 750 hours a year in real estate-related matters, then you can call yourself a Real Estate Professional and tick the relevant options on the tax form. With this status, no matter how much you lose in rental properties, it can be used to offset other income. This is especially important if you have a lot of investment properties. If all your losses on paper are 3 10,000, then you can directly offset 30,000 in other income, how much tax will be saved!
3. With a broker certificate, it is convenient for you to buy and sell real estate. For example, I said that self-occupied housing has a value-added tax deduction of 500,000 every two years, so the house should be replaced frequently. However, there is a fee for each replacement. Among them, 5 % brokerage fee is the bulk. With a broker's license, you can list your own home and who knows your home and surroundings better than you? Then you can save a lot of money on the seller's brokerage. If you are buying a house, whether it is a self-occupancy or a rental house, I have seen many buyers find a very poor and inexperienced agent to represent them because they want high rebates. It is easy to buy a bad house and not I know that in order to get a few thousand kickbacks, I picked up sesame seeds and lost watermelon. If you have a broker license, you can justifiably divide the commission (the law stipulates that people without a broker license cannot divide commissions. The so-called commission rebates are somewhat illegal in the end, but they are actually gray areas, and the amount cannot be too much), It must be much higher than 50%. If you are in our company, then I will use my professional knowledge to check for you, and you can personally negotiate with the other party. Some people say, then I will buy directly with the other party’s broker. up? But I don't know, you put yourself in a very disadvantageous position, and the other party sees that you are a non-professional, and you are fighting alone, how can you deal with you fairly? What can you save? The only situation where it is possible to let the other party’s agent be your agent is that the house is too popular and there are many offers. At this time, you have to go all out. Saving money is not important, the important thing is to get the house.
After reading these, do you have some ideas?